What is Payinvest.biz? Is Payinvest Scam or legit?

What is Payinvest.biz? Is Payinvest Scam or legit?

On the internet, there are various websites allowing people to invest their cryptocurrency and earn interest. The Payinvest.biz is one of such company. If you are looking to get the Payinvest review, you are reading the right article. We are going to discuss some general problems regarding this website like, is Payinvest Scam? Or is Payinvest Legit? Or is Payinvest Real? Or is Payinvest Fake? These terms may create a doubt in your mind about this website. There are some discrepancies we have found on this website. But if you are not interested in our arguments and reasons, we can short the review for you. We do “Not Recommend” Payinvest website. It is because they are working on the Ponzi Scheme and also on Hybrid Pyramid Scheme. Both the stated schemes are illegal. It simply proves that the Payinvest is not a good website to invest your hard-earned money.

How does Payinvest work?

The investment plans are the soul of the investment company. The investment plans of Payinvest are very lucrative. It is luring people to invest their money blindly without thinking much and without wasting any time. Actually, company people are selling the dream that one can earn huge money by simply investing their money on their website.

The Payinvest have 3 investment plans. The utmost plan is offering 20% daily interest. It means in one month your $100 will become 20*30*100= $60000. This is not possible. If the company does really have a ‘magic wand’ to earn this much of money, then they do not need any public money. They can simply approach the bank and take a loan. The Payinvest people will not go to the bank. Simply because first, their business plan is unsustainable and second, they are not right people.

The company is nothing but operating in the Ponzi Scheme. In this scheme, a company pays to its members from the investment made by the new members. In the absence of any real plan to earn money, the company accumulates huge debt over them. They then just run away with people money after some time. It is illegal in almost every country.

The company has very different affiliate program. It is different because they have the different commissions on their different plans. Generally, companies have a simple affiliate program for just making a member. It does not matter which plan a member buy. But Payinvest is offering 3%, 5% and 10% referral commission on their 1st, 2nd and 3rd investment plans respectively.

This leads to another illegal scheme i.e. Hybrid Pyramid Scheme. The company is paying money to members without selling any product or service. It makes the company non-reliable from the perspective to be a good Investment Company.

The website has shown the certificate of UK Companies Registration. The registration is done under the company name: PAY INVEST LTD and the company number: 07426697. This way the company is trying to show its legitimacy but they are not legit. It is because only 20GBP is needed to get this certificate. Many companies already not recommended by us, got the registration certificate from the UK Companies. It points out that the company proof to a legitimate company is not good enough.

The company website has given the information about their CEO and team of professional. But when we search for the person, the CEO, we found out that Payinvest has altered the information. According to the Payinvest their CEO name is Mike William and they have also provided his picture. But through research, we found out that his real name is John Snowder who is the Chairman of “HB-Themes”. You can find the same picture on HB-Theme website also. It means company claims are fake and bogus.

Conclusion

Payinvest is “Not Recommend” by us. We have provided the details and our arguments to support our claims. There is very high possibility that the company pays initially. But later on, it will soon be going to get collapse for sure. At the end, to invest on this website or not, it is purely your call. We are not judging anyone here. Our advice will be to avoid this website.